New Business Incubators Put into Function in Virovitica-Podravina County

Lauren Simmonds

The spaces in Virovitica-Podravina County, more specifically in Orahovica, Pitomača and Slatina, all of which will be business incubators, are worth a massive 27 million kuna, of which the European Union is supplying a non-refundable 20 million kuna.

As Poslovni Dnevnik/Marta Duic writes on the 2nd of January, 2020, at the beginning of the week, the remaining two business incubators were opened in Orahovica and Pitomača, which is part of the praiseworthy Virovitica-Podravina County Business Incubator Network project.

In addition to the business incubator located in Slatina, these business incubators are part of a project worth 27 million kuna, for which the Virovitica-Podravina County, as the holder, received a non-refundable grant of 20 million kuna. The three new entrepreneurial incubators will have 48 completely new offices and manufacturing facilities available to local entrepreneurs.

“The three incubators that we opened in December are worth a total of 27 million kuna, of which we, as the County, have allocated 7 million kuna of our original funds,” explained Virovitica-Podravina County Prefect Igor Andrović.

Minister of Economy Darko Horvat emphasised the fact that 46 such projects will be functional throughout the Republic of Croatia by mid-2020 and pointed out that with the addition of 46 such incubators, 49 entrepreneurial zones are currently expanding in Croatia.

“630 million kuna will be invested for innovation, 770 million kuna for R&D (IRI-2 competition), 100 million euros for the integration of micro and small entrepreneurs with large ones and an additional 250 million euros for Industry 4.0, as well as 800 million kuna for the first six months of 2020 for the so called competence centres.

To sum it all up, 2020 should be a new leap forward in job creation and quality workforce in the country,” Minister Darko Horvat concluded.

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